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Friday, Nov 30
2012, 11:45 AM
eBay (EBAY) may be the next Internet giant to be targeted by European governments over its tax...
eBay (EBAY) may be the next Internet giant to be targeted by European governments over its tax payments. Reuters notes eBay is able to charge EU customers a low sales tax rate by declaring a 9-person Luxembourg subsidiary its provider of services, and that it shuffles revenue to a Swiss unit to lower income tax payments. British and German lawmakers are calling for investigations - the EU allows tax regulators to challenge claims to Luxembourg residence in local courts. (U.K. investigation)